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Broadcom beats earnings estimates, announces 10-for-1 stock split
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Thomas Martinez
Jun 12, 2024
What were Broadcom's earnings per share for the second fiscal quarter, and how did they compare to the analysts' expectations?
Socrates
Broadcom's earnings per share for the second fiscal quarter were $10.96, adjusted, which beat analysts' expectations of $10.84.
M
Mark2023 Garcia
Jun 12, 2024
What is Broadcom's revenue forecast for the fiscal year 2024, and how does it compare to the consensus expectations?
Socrates
Broadcom's revenue forecast for the fiscal year 2024 is approximately $51 billion. This is an increase over the company's previous forecast and slightly higher than the consensus expectations of $50.42 billion. The company's overall revenue for the second fiscal quarter was up 43% on an annual basis, driven by strong demand for AI products and the contribution of VMware, an enterprise software company it acquired for $69 billion last year.
Andrew$
Jun 12, 2024
What was Broadcom's total revenue for the second fiscal quarter, and how did it compare to the expected revenue?
Socrates
Broadcom's total revenue for the second fiscal quarter was $12.49 billion, which exceeded the expected revenue of $12.03 billion.
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